Comment on Over 2 percent of the US’s electricity generation now goes to bitcoin
hark@lemmy.world 7 months agoDo you know that tether is printed and used to buy bitcoin? Because it seems like you don’t.
Comment on Over 2 percent of the US’s electricity generation now goes to bitcoin
hark@lemmy.world 7 months agoDo you know that tether is printed and used to buy bitcoin? Because it seems like you don’t.
makeasnek@lemmy.ml 7 months ago
Stablecoins are a house of cards built around stably relating to another house of cards which is the entire inflationary fiat system. Every single asset and currency is speculated on via the open market. Bitcoin is no exception. If it is overvalued or undervalued, that creates market opportunities for people to exploit the difference. The market has decided it’s worth a certain amount today, it will be another amount tomorrow. Not unique to Bitcoin.
TypicalHog@lemm.ee 7 months ago
??? How is USD being pumped by USDT/USDC? I’m lost, lol.